Gopichand Katragadda, the chief technology officer (CTO) of Tata Group has expectedly stepped down from his role. He joined the company as the CTO on 3rd August 2014, reporting to the chairman Mr. Cyrus P. Mistry. In his role, Katragadda was responsible for technology at the group level and shared his expertise in managing R&D […]
The popular cab aggregators, Ola and Uber have withdrawn a substantial number of orders of around 2.7 lakh vehicles from the largest automobile maker Tata Motors. These companies that have been a valuable player in the ride-hailing space, obtain cars from automakers to make it available for the cab drivers on installments, but now it […]
Tata Consultancy Group and Reliance Industries are currently the two biggest companies in India but differ greatly in terms of the way their businesses operate and in terms of revenues and market valuations. Valuation Tata Consultancy Group leads the race between the two, currently, the Indian company with the highest valuation, Rs 6.11 trillion as […]
As feud at India’s biggest conglomerate continues, Tata Group’s interim chairman Ratan Tata today said there has been a willful, well-orchestrated move to destroy his personal reputations through unsubstantiated allegations. Without naming anyone, he said the ethics and values of the group have been “challenged by people who are known not to practice what they […]
The bitter boardroom battle at Tata Sons is unlikely to impact operations of the USD 100-billion conglomerate’s crown jewel TCS, but if its chief N Chandrasekaran is elevated to the top at the group level, it could be a blip on the firm’s business, say analysts. “Customers care about delivery and long-term stability, not so […]
Days after ousted Tata Sons chairman Cyrus Mistry blamed Nano for bleeding Tata Motors, the company today said it has significantly written off development cost and investments related to the car and is now refocusing its strategy on “growing and attractive segments” of the passenger vehicles market. The company, however, refuted Mistry’s allegations that another […]
Tata Trusts, and Khan Academy, a Silicon Valley-based not-for-profit education initiative founded by educationist Salman Khan, announced that they were entering into a five-year partnership to leverage the power of technology to provide free, world-class education for anyone, anywhere in the country. The partnership will focus on developing tech-enabled, high quality and localised education resources […]
Ola inked an agreement with the Tamil Nadu government to invest $326 Million for setting up the world’s biggest electric scooter factory.
Delhi based India’s leading car selling portal Cardekho Raises $110 Million Series C Funding.
India’s on demand home services marketplace UrbanClap has secured funds amounting to $50 million in a fresh funding round. This round was led by Hong Kong-based hedge fund Steadview Capital along with existing investor Vy Capital. With this round, the valuation of the company will more than double to $480 million. UrbanClap which also counts Accel, SAIF Partners, Bessemer Venture Partners […]
GOQii Inc, a wearable devices maker has reportedly raised an amount of $30 million (about Rs 212 crore) in its latest equity financing round. The company is based in Menlo Park and Mumbai and is looking to enter into the overseas markets over the next 12-18 months. The funding was led by Japanese conglomerate Mitsui […]
One of the most diversified Indian engineering company Greaves Cotton Ltd is reportedly acquiring a majority stake in electric two-wheeler manufacturer Ampere Vehicles. Following the deal, Greaves Cotton which is based in Mumbai will be acquiring 67% of Ratan Tata-backed Ampere for Rs 77 crore. Furthermore, according to company’s statements, Greaves may also buy out […]